The dynamic mutual relationship between the Regional Greenhouse Gas Initiative (RGGI) carbon permit price and energy prices in the U.S. is examined. Results show that the RGGI and electricity markets are not closely linked, although the carbon permit price is usually closely interrelated with energy prices. The loose relationship between the RGGI and electricity markets can be explained by the recent low carbon credit demand which stems from the low greenhouse gas (GHG) emissions existent in the particular area covered by the RGGI. The low GHG emissions result from fuel switching due to recent low natural gas prices. Unlike the European Union Emissions Trading Scheme, natural gas is the key driver of the RGGI system.
| Identifer | oai:union.ndltd.org:UTAHS/oai:digitalcommons.usu.edu:etd-3334 |
| Date | 01 May 2014 |
| Creators | Lee, Kangil |
| Publisher | DigitalCommons@USU |
| Source Sets | Utah State University |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | All Graduate Theses and Dissertations |
| Rights | Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact Andrew Wesolek (andrew.wesolek@usu.edu). |
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